Wednesday, 5 February 2025

Focus on Climate

FILE PHOTO: An Exxon gas station seen in Washington, U.S., November 26, 2024. REUTERS/Nathan Howard/File Photo
BusinessClimateCourtsEmissionsEnvironmentNewsOilPoliticsRegulations

Exxon Mobil sues California attorney general, environmental groups

The lawsuit filed in the federal court in Beaumont, Texas includes a cause of action sounding in libel or slander, court records show.

dian oil and gas stocks climbed Monday as the country's energy sector absorbed the news of Prime Minister Justin Trudeau's resignation. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessClimateEconomyEmissionsEnvironmentNatural GasNewsOilPoliticsRegulations

Canadian oil stocks climb as industry absorbs news of Trudeau resignation

Canadian energy stocks surged Monday as PM Trudeau's resignation spurred optimism in the oil and gas sector.

FILE PHOTO: Vehicles drive through the snow as it covers streets in Louisville, Kentucky, U.S., January 5, 2025, in this screen grab obtained from a social media video. Richard Stottman/@cyntrix/via REUTERS
ClimateElectricityEnvironmentNewsWeather

Over 335,000 US customers without power after winter storm

Cold weather across some regions is expected to increase electrical demand and could reduce reserves.

An offshore oil rig is seen as a group of people help clean the beach in Huntington Beach, California, U.S., November 14, 2024.  REUTERS/Mike Blake
ClimateLegislationNatural GasNewsOilPolitics

Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term

U.S. President Biden will ban new oil and gas projects on most U.S. coasts, a move Trump may struggle to reverse.

AnalysisCarbon ManagementCementCoalElectricityEmissionsGreen SteelOpinionPoliticsReports

Coal use persists: Asian growth offsets declines in EU and US

Despite developed nations phasing out coal, global demand is hitting record levels driven by China and India's growth.

FILE PHOTO: Activists protest against fossil investments before the annual general meeting of the Swiss National Bank (SNB) in Bern, Switzerland, April 26, 2024. REUTERS/Denis Balibouse/File Photo
AnalysisBusinessClimateEconomyEmissionsEnvironmentPoliticsRegulations

Analysis: Exodus by Wall Street banks from climate group worries advocates

U.S. banks exit climate coalition NZBA amid political pressure, raising concerns over their commitment to reducing fossil fuel financing.

A plow clears a parking lot during a winter storm, Sunday, Jan. 5, 2025, in Cincinnati. (AP Photo/Joshua A. Bickel)
EnvironmentNewsWeather

The heaviest snowfall in a decade is possible as a wintry blast roils parts of the US

A disruptive winter storm brought the possibility of the 'heaviest snowfall in a decade' to some U.S. areas.

AnalysisBusinessClimateCoalEconomyElectricityEmissionsEnvironmentFinanceUtilities

Unloading coal exposure: Where are we and what can Chinese banks do?

To achieve climate goals, global coal use must decline sharply, and Chinese banks must drive the exit strategies.

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